Mar 21 - Written By Jeff Wenzel

Revolutionizing Sports Investing: How Finlete Lets Fans Own a Piece of Athlete Success

Guest and Company Overview:

Guest: Rob Connolly, Co-Founder of Finlete Company: Finlete offers a platform for fans to invest in athletes through future earning contracts.

Key Discussion Points: Finlete's Unique Concept: Fans can buy future earning contracts directly from athletes. This idea evolved from their initial platform, Meetle, aimed at connecting fans with athletes.

Origin Story: The founders pivoted after learning about the financial struggles of minor league baseball players and the dominance of a private hedge fund in athlete contracts.

First Athlete and Process: They signed Echedry Vargas, a promising baseball prospect. The process involved scouting, legal work, and offering an alternative to hedge fund contracts.

Growth Potential and Challenges: Finlete anticipates significant growth, with the main challenge being convincing athletes to choose their platform over traditional methods.

Financial Model and Returns: Finlete’s model involves paying athletes upfront for a percentage of their future earnings. Investors can potentially see returns as the athletes progress in their careers.

Long-term Vision: The goal is to establish a secondary market where investors can trade shares in athletes, much like stocks.

Team Building Strategy: The team comprises industry experts from various fields, ensuring a strong foundation for the company.

Target Market and Customer Education: Finlete initially targets sophisticated investors, but eventually aims to attract sports fans as they become more educated about this investment model.

Future Plans: The plan includes expanding the platform to other sports, increasing the number of athletes, and creating a diverse investment portfolio for users.

Conclusion: The podcast highlights Finlete's groundbreaking approach to sports investing, aiming to democratize athlete investments and offer fans a unique opportunity to engage with sports. It's a potentially transformative model in the world of sports financing, particularly appealing to startup founders interested in innovative equity crowdfunding platforms.

Learn More:https://finlete.com/echedry

Subscribe:https://podcasts.apple.com/us/podcast/the-startup-journey-tales-from-pre-ipo-hype/id1732533055

Mar 21 - Written By Jeff Wenzel

Revolutionizing Sports Investing: How Finlete Lets Fans Own a Piece of Athlete Success

Guest and Company Overview:

Guest: Rob Connolly, Co-Founder of Finlete Company: Finlete offers a platform for fans to invest in athletes through future earning contracts.

Key Discussion Points: Finlete's Unique Concept: Fans can buy future earning contracts directly from athletes. This idea evolved from their initial platform, Meetle, aimed at connecting fans with athletes.

Origin Story: The founders pivoted after learning about the financial struggles of minor league baseball players and the dominance of a private hedge fund in athlete contracts.

First Athlete and Process: They signed Echedry Vargas, a promising baseball prospect. The process involved scouting, legal work, and offering an alternative to hedge fund contracts.

Growth Potential and Challenges: Finlete anticipates significant growth, with the main challenge being convincing athletes to choose their platform over traditional methods.

Financial Model and Returns: Finlete’s model involves paying athletes upfront for a percentage of their future earnings. Investors can potentially see returns as the athletes progress in their careers.

Long-term Vision: The goal is to establish a secondary market where investors can trade shares in athletes, much like stocks.

Team Building Strategy: The team comprises industry experts from various fields, ensuring a strong foundation for the company.

Target Market and Customer Education: Finlete initially targets sophisticated investors, but eventually aims to attract sports fans as they become more educated about this investment model.

Future Plans: The plan includes expanding the platform to other sports, increasing the number of athletes, and creating a diverse investment portfolio for users.

Conclusion: The podcast highlights Finlete's groundbreaking approach to sports investing, aiming to democratize athlete investments and offer fans a unique opportunity to engage with sports. It's a potentially transformative model in the world of sports financing, particularly appealing to startup founders interested in innovative equity crowdfunding platforms.

Learn More:https://finlete.com/echedry

Subscribe:https://podcasts.apple.com/us/podcast/the-startup-journey-tales-from-pre-ipo-hype/id1732533055

Image

Unlock Prosperity with Us

Contact Pre-IPO Hype today to learn how our innovative approaches and expert guidance can propel your online capital fundraising campaign's presence to new heights.

For Contact Us

32729 Grand River Ave, Suite T

Farmington MI, 48336

Social Media reach out

2024 © All rights reserved by The Pre-IPO Hype

Image

Unlock Prosperity with Us

Contact Pre-IPO Hype today to learn how our innovative approaches and expert guidance can propel your online capital fundraising campaign's presence to new heights.

For Contact Us

32729 Grand River Ave, Suit T Farmington MI, 48336

Social Media reach out

2024 © All rights reserved by The Pre-IPO Hype